black oak casino hotelShares of Wynn Resorts (NASDAQ:WYNN) are lower by more than two percent Wednesday after Roth Capital analyst David Bain downgraded the gaming operator, citing, among other factors, risk in the marquee Macau market.“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.The Wynn Macau is pictured above.ruby slot casino instant playBut Bain argues Diller’s company may have paid too much for the privilegroyal ace casino free spins no deposite.“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.Without a coronavirus vaccine readriver spirit casino upcoming concerts

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poker a casinosSome investors like Wynn stock due to Asia-Pacific exposure.Some investors like Wynn stock due to Asia-Pacific exposure.“To be clear, we believe IAC ownership is a positive for MGM.aliante casino concertsRisky BusinessBy Bain’s estimate, Wynn derives 68 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from the world’s largest gaming center, adjusting for its ownership stake in Wynn Macau.Bain added that Wynn has less exposure to the Cotai Strip than rivals Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO), a relevant point because border expansions and new capacity could drive traffic to that area of Macau.Now, MGM has .black bear casino gourmet buffet menu

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wild vegas casino no deposit bonus codes 20211 billion in cash, giving it its strongest balance sheet ever.The Wynn Macau is pictured above.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.But 2020 is far from the usual climate for gaming companies.Namely, Sin City is now highly dependent on leisure travel from neighboring California.“To be clear, we believe IAC ownership is a positive for MGM.paragon casino logo